Author: Vikash Vaibhav and K. V. Ramaswamy Title: Does the creation of smaller states lead to higher economic growth? Evidence from state reorganization in India Abstract: In the largest territorial reorganization since the 1950s, when the modern state boundaries were demarcated, the Indian union government carved out three new states […]
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Global Food Price Surge, In-Kind Transfers, and Household Welfare Evidence from India
Author: Digvijay S Negi Title: Global Food Price Surge, In-Kind Transfers, and Household Welfare Evidence from India Abstract: This paper studies the impact of high global food prices on household welfare in India. I use the 2007-08 surge in global food prices and household share of area under rice and […]
Global Shocks and International Policy Coordination
Author: Ashima Goyal and Rupayan Pal Title: Global Shocks and International Policy Coordination Abstract: We argue emerging markets (EMs) have become large enough to make it in advanced economies (AEs) own interest to reduce negative spillovers to EMs. It follows the potential for international cooperation in macroeconomic and prudential policy […]
Analysing India’s Exchange Rate Regime
Author: Ila Patnaik and Rajeswari Sengupta Title: Analysing India’s Exchange Rate Regime Abstract: We analyse India’s exchange rate regime through the prism of exchange market pressure. We estimate the various regimes that India’s exchange rate has been through during the period from 2000 to 2020. We find four specific regimes of the Indian […]
Asymmetry, Terms of Trade and the Aggregate Supply Curve in an Open Economy Model
Author: Ashima Goyal and Abhishek Kumar Title: Asymmetry, Terms of Trade and the Aggregate Supply Curve in an Open Economy Model Abstract: We find a basic new Keynesian monetary policy DSGE model estimated for differing countries (India and the US) gives deep parameter estimates, impulse responses and forecast error variance […]
Capital account liberalisation in a large emerging economy: An analysis of onshore-offshore arbitrage
Author: Nidhi Aggarwal, Sanchit Arora and Rajeswari Sengupta Title: Capital account liberalisation in a large emerging economy: An analysis of onshore-offshore arbitrage Abstract: In this paper, we decipher the openness of India’s capital account by calculating the covered interest parity (CIP) deviations between the onshore-offshore rupee market. India is a […]
Effectiveness of Expectations Channel of Monetary Policy Transmission: Evidence from India
Author: Ashima Goyal and Prashant Parab Title: Effectiveness of Expectations Channel of Monetary Policy Transmission: Evidence from India Abstract: We examine the efficacy of expectations channel of monetary policy transmission in India using survey-based expectations of households and professional forecasters in a Structural Vector Auto Regression (SVAR) framework. To analyse […]
Four years after the Base-Year Revision:Taking stock of the debate surrounding India’s National Accounts Estimates
Author: R. Nagaraj, Amey Sapre and Rajeswari Sengupta Title: Four years after the Base-Year Revision:Taking stock of the debate surrounding India’s National Accounts Estimates Abstract: In 2015, with the release of the 2011-12 base-year GDP series the Central Statistical Office (CSO) substantially revised the way GDP is calculated in India. […]
Herd immunity, COVID-19 and vaccination: some propositions
Author: Srijit Mishra Title: Herd immunity, COVID-19 and vaccination: some propositions Abstract: In the herd immunity path to COVID-19, the scientific world has two broad positions. The Great Barrington declaration called for allowing low-risk population to start activities so that other overriding public health concerns beyond COVID-19 and livelihood aspects of the underprivileged […]
India’s progress in meeting its climate goals: A comparative analysis using country-reported and external data
Author: Manisha Jain Title: India’s progress in meeting its climate goals: A comparative analysis using country-reported and external data Abstract: Recent studies analyzing India’s decarbonisation efforts using external data do not confirm the achievements stated in India’s country reports submitted to the United Nations Framework Convention on Climate Convention. The […]
